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Europe/Russia
Analysts have now placed their bets on a private equity buyer. Unlike any industry buyer, private equity would offer the additional benefit of leaving AB-InBev with the Beck’s brand. According to what has been leaked to the press, AB-InBev appears keen on keeping the Beck’s brand even if the rest of its German portfolio were sold.
Europe/Russia
Bere Azuga is listed on the Bucharest stock exchange and its market capitalisation on the last day of trading prior to this announcement was EUR 9.3 million, based on a share price of EUR 1.73. The value of the gross assets acquired is EUR 24.8 million, says SABMiller.
Europe/Russia
Martin Riley, 54, is a graduate from Oxford University in Modern Languages and is a member of the Marketing Society. After starting his career at Sandeman in marketing for six years, he moved on to James Burroughs plc and the brewer Whitbread. In 1990, Mr Riley became Marketing Vice President of Allied Domecq up until 1997 when Allied Domecq was broken up by Pernod Ricard and Fortune Brands. He then joined the Pernod Ricard Group at Irish Distillers Limited, as International Sales & Marketing Director. In 2002 he was appointed International Marketing Director of Chivas Brothers, the position he is currently holding.
Europe/Russia
The Executive Board of Krones AG is convinced that the price of the Krones stock, against the background of the crisis on the financial markets, does not adequately reflect the profitability and the future prospects of Krones AG. In view of the company’s good liquidity situation, the buyback will be funded from the firm’s own resources.
Europe/Russia
Performance over the seasonally weak months of January and February is expected to continue this trend, C&C Group announced. Accordingly, the group anticipates overall operating profit for the full year to 28 February 2009 to be EUR 90 million.
Europe/Russia
The transaction will be completed after securing the agreement of the relevant competition authorities, including approval by the European Commission.
Europe/Russia
SABMiller posted a surprise drop in beer volumes on 15 January 2009 when it announced its third quarter figures (ended 31 December 2008). Third-quarter lager volumes fell 1 percent on an organic basis, compared with expectations of a rise of up to 3 percent.
Europe/Russia
The current economic crisis has brought to an end the consumer boom in Russia and will lead to almost zero real disposable income growth in the near future, as companies are laying off people and reducing salaries.
Europe/Russia
To the financial markets, however, growth rates that are below last year’s are disappointing. That’s why, following Pernod Ricard’s announcement, JPMorgan issued a “neutral” rating for Pernod Ricard.
Europe/Russia
Belgium’s beer industry saw its sales volume drop below the level of 9 million hl of beer in 2008. In 1990, the brewers still sold 12 million hl on their domestic market. That’s a decline of more than 30 percent. It is small consolation to Belgian brewers that each year beer exports have compensated the sales losses in Belgium.
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BRAUWELT on tour
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BRAUWELT on tour
